Personal finance

Charnchai | Istock | Getty Images If you’re heading to a new job and still owe money on a 401(k) plan loan from your former employer’s retirement savings plan, be sure you know what will happen to that outstanding balance. While you may be permitted to continue paying off the loan in installments, most companies

Demonstrators participate in a protest asking U.S. senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Joe Raedle | Getty Images The nation’s unemployment system suffered multiple failures during the Covid-19 pandemic, including delayed payments, elevated fraud and “substantial” disparities in receipt of benefits along racial and ethnic

Tetra Images | Tetra images | Getty Images If you’re still recovering from the tax sting of larger-than-expected mutual fund payouts in 2021, it’s never too early to prepare for future distributions, financial experts say. Mid-year capital gains distributions aren’t common, especially in a bear market year, said Russel Kinnel, director of manager research for

Westend61 / Josep Rovirosa | Getty Images Social Security beneficiaries saw the biggest cost-of-living adjustment in about 40 years in 2022, when they received a 5.9% boost to their monthly checks. Next year, that annual adjustment may even go as high as 8%, according to early estimates. That is despite the fact the annual Social

President Joe Biden speaks in the East Room of the White House on June 2, 2022. Al Drago | Bloomberg | Getty Images The Biden administration is unlikely to announce a decision on student loan forgiveness until later this summer, The Wall Street Journal reported on Monday. The more than 40 million Americans saddled with

Consumers have taken on a massive amount of credit card debt in 2022, rising to $841 billion in the first three months of the year. But that’s not the only way shoppers are spending these days.  The popularity of “buy now, pay later,” or BNPL, which allows consumers to buy an item on the spot

The White House, Washington, D.C. Joe Daniel Price | Moment | Getty Images Tens of millions of Americans are waiting anxiously for word from the Biden administration on what it plans to do on broad-based student loan forgiveness. Most recently, the White House was reported to be leaning toward a cancellation plan of $10,000 per

Peter Cade | Getty Images After a rough period for municipal bonds, also known as muni bonds, investors may be returning. But there’s a hidden tax retirees need to consider before piling in. While weekly inflows for U.S. muni bond funds have been negative for most of 2022, outflows dropped significantly last week, according to

lisegagne | E+ | Getty Images Without the child tax credit, Stormy Johnson has been skipping her own meals so her kids can eat. Johnson, 45, works as a student support specialist in Preston County Schools in Kingwood, West Virginia. Before the monthly enhanced child tax credit payments lapsed in December, she received an additional

Itza Villavicencio Urbieta | Istock | Getty Images As retirement legislation continues to evolve in Congress, some lawmakers are hoping to address what they view as a persistent problem: lack of access to a workplace plan among low- and middle-income workers. A bipartisan, bicameral group of lawmakers has started work on a bill to tackle

Sdi Productions | E+ | Getty Images There’s a chance your health insurance company owes you some cash. Depending on how you get your coverage, you may be one of the 8.2 million policyholders expected to get a piece of $1 billion in premium rebates this fall from various insurers, according to a preliminary analysis

Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images Three House Democrats are still pushing for relief on the $10,000 limit on the federal deduction for state and local taxes, known as

In this article LC With inflation still hovering near 40-year highs, it’s getting harder for workers across all income levels to make ends meet. The Consumer Price Index, a key inflation metric, increased 8.3% in April from a year ago, according to the latest data from the U.S. Department of Labor. Although it was down slightly

Jeffrey Coolidge | Photodisc | Getty Images The IRS is working to boost its audit rates for the wealthiest Americans, according to a statement released with the agency’s annual Data Book, covering activities for the 2021 fiscal year. While plummeting audits have drawn scrutiny from Congress, percentages have doubled for filers making over $100,000 to more than

Professionalstudioimages | Istock | Getty Images The clock is ticking for Congress when it comes to shoring up the Social Security trust funds, according to an annual report released on Thursday by the program’s trustees. Both Social Security and Medicare face long-term financing shortfalls, due to the fact that those programs will grow faster than

Anyone with money tied up in the markets may be reeling from recent losses. For parents of college-age children with a hefty tuition bill due soon, the stakes are even higher. If that money was stashed in a 529 college savings plan, balances may be suddenly smaller than expected after stocks experienced a series of

Teachers line up to enter Everest College, one of the Corinthian Colleges that closed, for a meeting and opportunity to collect their personal items, in City of Industry, Calif., April 27, 2015. Al Seib | Los Angeles Times | Getty Images The Biden administration plans to cancel all outstanding student loans for those who attended

David Jakle | Image Source | Getty Images It’s been a tough year for municipal bonds, with investors cashing out amid rising interest rates. However, higher yields and strong credit may be sparking a shift, experts say. While investors piled a record-breaking $96.8 billion of net money into U.S. muni mutual and exchange-traded funds in

Klaus Vedfelt | DigitalVision | Getty Images Months of stock market volatility may deliver a costly surprise to parents sending children to school this fall: smaller-than-expected 529 college savings plan balances.  The average 529 account size was $30,287 in 2021, according to the College Savings Plans Network, but families may now have lower balances, financial

Morsa Images | Digitalvision | Getty Images Employees who work remotely don’t look favorably on the notion of returning to the office. To that point, 45% of people who work from home said they’d be at least somewhat likely to look for a new job if required to return to work in person, according to